Topic: What is the relationship between bitcoin and blockchain? - page 2. (Read 230 times)

Bitcoin is not synonymous with blockchain, though it was the first blockchain. The bitcoin blockchain is distributed, permissionless, and decentralized. All blockchains can vary in these and other features.

As a decentralized, shared and encrypted distributed ledger technology, blockchain has three salient features: decentralized, traceable, and unreadable, so blockchain technology has transactional autonomy and saves regulatory costs , great confidentiality and security. However, the blockchain has been only a low-level technology for a long time and the application scenarios have not progressed smoothly. On the contrary, the digital tokens derived from it, such as Bitcoin, Ethereum, and all kinds of tokens, have suddenly become the darlings of the capital market and have become the objects of people's esteem and speculation.

i think technically we can say there WAS blockchain before bitcoin.

according to the history part of the link you posted here, The first work on a cryptographically secured chain of blocks (which is the other way of calling block-chain aka chain of blocks) was described in 1991 by Stuart Haber and W. Scott Stornetta.

the keyword in the second paragraph is "conceptualised". it says first blockchain but it practically means before bitcoin it was little work, lets say mostly theoretical than actual large scale blockchain like what bitcoin started.

I think they are not any relationship ,the bitcoin just a currency ,and the blockchain is a technology which was good for the company to save the cost.

First of all, do not think the blockchain is overly profound. He is a database storage system that works together around the world and is able to work together, as opposed to traditional database operations - where read and write permissions rest on a company or a centralizer Feature), the blockchain believes that anyone with the ability to set up a server can participate. Nuggets from around the world have deployed their own servers locally and connected to the blockchain network to become a node in this distributed database storage system; once joined, the node has exactly the same rights as all the other nodes And obligations (decentralized, distributed). At the same time, people who work on the blockchain can read and write to any node in the system. Finally, all nodes in the world will synchronize with each other according to a certain mechanism, The data in all nodes in the blockchain network is exactly the same.

Bitcoin is one product that runs on Blockchain. others said blockchain is a peer-to-peer network connected with miners computers that will confirm a transaction and will give the results of its confirmation to another computer, so that a transaction can happen

Bitcoin should be the mother of the block chain. This is also the reason why blockchain can not bypass bitcoin because bitcoin can survive to this stage is not easy, experienced several tribulations before today's position, and he was born with blockchain technology The same is true. Now people are going to talk about the blockchain first to see how the blockchain of Bitcoin comes from. Any newly designed blockchain should think carefully about whether it can withstand the market and the reality.

The usual trope about "blockchain technology" generally gets it in reverse. The idea of "blockchain technology" was used by the media and some startups that wanted to 'sanitize' Bitcoin from its association with drugs/dark markets. Therefore, the usual phrasing became "We don't like Bitcoin, but blockchain technology behind Bitcoin is really innovative". It's funny, but I heard the exact same sentiment on the crypto asset panel in Davos earlier today too, so this line of thinking is still with us, unfortunately.

What Bitcoin solved is the Byzantine General's Problem (Wiki: https://en.wikipedia.org/wiki/Byzantine_fault_tolerance), which, in a nutshell, is a way for untrusting parties to come to a consensus on a shared piece of information. Bitcoin uses the solution to create a global and distributed ledger. This ledger 's state is agreed upon by all participants.

It is remarkable if you think about it - you may be in China, Japan, Russia, Australia, Sweden, Luxembourg, Brazil, etc. and all the people agree to the current state of the ledger. These parties have never even met each other. They may be honest or dishonest. They may be humans or machines. But they all agree to the state of Bitcoin's current ledger. That's a powerful idea.

The blockchain is just a data structure with some desirable properties, that Bitcoin employs. This is definitely clever, but by no means "the innovation behind Bitcoin". It might as well be a block-tree or something else. The data structure is cool but not the core fundamental feature of Bitcoin. Yes, Bitcoin was the first system that made use of the blockchain, but there were similar ideas (hashed linked-list type structures) that pre-date Bitcoin. Don't let "blockchain technology" fool you into not really appreciating what Bitcoin is and what problems it solved.

First, the blockchain is a technology that was invented only by bitcoin, and Chuang Saton's original intention was to complete a great experiment in bitcoin with the new monetary system in the world through bitcoin, that is, Instead of inventing blockchain, Bitcoin invented rather than invented the blockchain.

Blockchain did not exist before bitcoin. It was invented by Satoshi Nakamoto, whoever that is.

https://en.wikipedia.org/wiki/Blockchain

With respect to the blockchain, almost all of the technology is available before bitcoin, but no one thinks it works until bitcoin, so bitcoin is the first successful application of blockchain technology. To the extent that bitcoin is the first blockchain there's nothing wrong with it. If you want to understand the blockchain technology, Bitcoin is indeed a thing that can't go around.